1. If there is a reference in any legislation in force in State to the ‘dirham’, the ‘UAE dirham’, ‘currency’, ‘cash’, ‘money’, or any similar term, this includes Currency in its digital form in accordance with the provisions of this decree-law, unless the context requires otherwise. 2. Virtual Assets as defined in applicable laws in the State, shall not be considered as Currency according to this decree-law. Where Virtual Assets and digital currencies are used as a means or instrument of payment or exchange of a virtual assets for a currency, any regulations, standards, rules and guidelines issued by the Board of Directors in this regard shall be applied thereto. 3. Virtual Assets shall not be covered by the provisions of this decree-law if they are for investment purposes, the exchange of one Virtual Asset for another, or swap operations for trading purposes, and the legislation in force in the State shall apply thereto. 4. The Central Bank may issue a glossary interpreting the technical terms referred to in this decree-law. This glossary shall be published on its official website and in the official gazette.
Interpretation and application must be checked against the official text and current version.